NZD/USD slips below 23.6% Fibonacci retracement of its downpour since August 13. 200-HMA, 50% of Fibonacci retracement limits immediate upside. Failure to hold recent recovery drags the NZD/USD pair to sub-23.6% Fibonacci retracement level while taking rounds to 0.6370, ahead of Tuesday’s European session opening. The pair now aims to visit 0.6350 and Monday’s low near 0.6341. However, a downward sloping trend-line connecting Thursday’s low to latest bottom offers a rest around 0.6320. Meanwhile, 0.6380 can act as immediate resistance during the pair’s pullback ahead of highlighting 0.6405/06 confluence including 200-hour moving average (HMA) and 50% Fibonacci retracement. In a case where prices keep rallying beyond 0.6406, last week’s high near 0.6430 can lure buyers. NZD/USD hourly chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Iran’s Pres. Rouhani: No change of the status quo until US lifts sanctions FX Street 4 years NZD/USD slips below 23.6% Fibonacci retracement of its downpour since August 13. 200-HMA, 50% of Fibonacci retracement limits immediate upside. Failure to hold recent recovery drags the NZD/USD pair to sub-23.6% Fibonacci retracement level while taking rounds to 0.6370, ahead of Tuesday's European session opening. The pair now aims to visit 0.6350 and Monday's low near 0.6341. However, a downward sloping trend-line connecting Thursday's low to latest bottom offers a rest around 0.6320. Meanwhile, 0.6380 can act as immediate resistance during the pair's pullback ahead of highlighting 0.6405/06 confluence including 200-hour moving average (HMA) and 50% Fibonacci retracement. In a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
